Adjusting entries are often made because some business events are not recorded as they occur.

Name: Adjusting entries are often made because some business events are not recorded as they occur.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Adjusting entries are made at the end of an accounting period to record events that have occurred but have not yet been recorded. These may include accrued expenses or revenues, deferred expenses or revenues, and depreciation expenses.

Adjusting Entries Are Often Made Because Some Business Events Are